After taking a good entry short, my trailing stop took me out with some nice profits. I am wanting to get back into this trade and spent the morning looking at the other time frames.
Weekly = OverBought
Daily = Just coming from above the OverBought zone
4Hr = close of last candle below a big support level of 1.81440
1Hr = Might see pullback to 1.8230 as high as 1.8370 (outer channel of a downward Pitchfork)
15Min = as posted in the picture chart - Green wave drawn. Might see a pullback to B in green, as high as 4 in blue.
Be great to get some likes and comments. Please share your thoughts and idea. Be great to discuss.
Happy Trading